On January 22, the Information Office of Liaoning Provincial People’s Government held the second press conference of the series on the economic performance of Liaoning in 2023, presenting a comprehensive overview, major achievements, distinctive features, and highlights of the province’s concerted efforts to expand effective investment in 2023.
In 2023, Liaoning’s fixed asset investment increased by 4% compared to the previous year, surpassing the national average by one percentage point and reaching its highest level in nearly a decade. Notably, investment performance continued to improve, with investment momentum being constantly unleashed across its various cities. Among them, Huludao, Dandong, Anshan, Benxi, Fushun, Chaoyang, Jinzhou, Yingkou, and Tieling all achieved growth rates exceeding the national average.
During 2023, Liaoning made significant progress in establishing and improving the provincial-level mechanism to promote major projects. Throughout the year, the province witnessed a total of 14,000 construction projects, marking an 11.3% growth. The level of project planning and reserves continued to improve, with a specific focus on the key areas of 15 major engineering projects. Furthermore, the number of newly initiated construction projects reached 6,266, reflecting a growth rate of 6.6%, while the completed investment increased by 9.5%. Meanwhile, Liaoning is currently home to over 6,000 ongoing mega-projects with investments exceeding 100 million yuan, including 503 projects with investments exceeding 1 billion yuan. Noteworthy among these projects are the completed and operational ones such as the Shenyang Metro Line 4, Dalian Metro Line 5, and Dalian Bay Undersea Tunnel, with a cumulative investment of over 10 billion yuan. Projects concerning North Huajin Chemical Industries (83.7 billion yuan), Dalian Jinzhouwan International Airport (62.1 billion yuan), Xudabao Nuclear Power Plant Unit 1 (42.1 billion yuan), and Hengli Heavy Industry (20 billion yuan) are proceeding steadily. Moreover, projects concerning Liaoning Shenghai Industry, Shenyang EVE Energy, and Huludao Yangnong Chemical, each invested over 10 billion yuan, have started construction in an orderly way.
Additionally, the achievements of collaboration between Chinese central state-owned enterprises and local governments are rapidly emerging. In 2023, Liaoning embraced the collaborations as a breakthrough and planned to promote a large number of projects, thus signing 89 projects in a concentrated manner with a total investment exceeding 600 billion yuan. Projects such as the Shenyang Aerospace Town by the Aviation Industry Corporation of China (33.7 billion yuan), the Shenyang Intelligent Automotive Demonstration Zone by Power Construction Corporation of China (21.5 billion yuan), the Shenyang Dongmaoku Historic and Cultural Block by China Resources (21 billion yuan), and the Daya River Pumped Storage Power Station (10.9 billion yuan) are progressing smoothly.
Looking forward to 2024, Liaoning will prioritize a 10% growth in the annual investment. With a focus on 15 major engineering projects, efforts will be concentrated on advancing the pace, standards, and efficacy of investment and project endeavors.
